As Blue Sky Studios moved to Connecticut for tax credits, so Sony ImageWorks New Mexico leaves for Sony ImageWorks Canada. Which leads to this:
The newly formed Cosgrove Hall Fitzpatrick Entertainment has joined a growing number of animation companies to call on the Government to introduce tax credits to help the industry remain competitive.
Under the Animation UK banner, a host of animation firms are lobbying to get the same production tax breaks as seen in countries including Canada and Ireland. ...
Another name for "tax credit" would be "tax subsidy." There's really no difference between handing some businesses free money to set up shop in your state or your nation, and giving them a tax credit.
And I'm not here to piss and moan about it, but when guvmint cash flows get tight, nations and states take the "tax credit" away. And then the previously-favored company hot foots it to the next haven. It's a never-ending hunt for cash.
And it sometimes ends badly,